3M Company (MMM) price prediction for 2022
Predicted price range for 3M Company Our trading algorithm values 3M Company (MMM) to be strongly undervalued. ###PLOTLYGRAPH### The red lines in this …
Read ArticlePredicted price range for SPDR S&P 500 ETF Trust (NYSE:SPY)
Our trading algorithm values SPDR S&P 500 ETF Trust (NYSE:SPY) (SPY) to be undervalued.
The red lines in this plot symbolize the changepoints of the price, meaning that the trend or direction changed, either from a down to an uptrend, or the other way around.
| Name | Value |
|---|---|
| Our valuation | undervalued |
| Current trend | downtrend |
| Buy/Sell Recommendation | Neutral |
| Current Price | $357.63 |
| 60 Day Prediction | $369.18 |
| 60 Day Pred - Lower Bound | $354.69 |
| 60 Day Pred - Upper Bound | $383.74 |
Our algorithm predicts the future trend with the linear formula (a*x + b = y):
$ price = -0.010 * nr_days_in_the_future + 369.476
Based on this information, our algorithm recommends the trading decision: Neutral. Remember that this is not investment advice, and only a statistical analysis. Do your own research.
Historic price development
SPY traded at $357.63 this Monday October 17th, loosing $-2.39 or -0.67 percent since last week.
Looking back, over the last month, SPY has been loosing $-30.92 or -8.65 percent.
Over the last year, it has been loosing $-93.01 or -26.01 percent.
Seasonality of SPDR S&P 500 ETF Trust (NYSE:SPY)
Using our AI model, we have been analyzing the value change for SPDR S&P 500 ETF Trust (NYSE:SPY) depending on the day or month of a year. This can be seen in the following graph:
